Author: NBTC
Ripple’s Chief Technology Officer David Schwartz has stepped into a thought-provoking discourse that hinges on the control of hash power within the BTC network. In response to tweets, Schwartz offers a new perspective, questioning the logic that the majority of hash power determines who gets to use the name “Bitcoin.” An X user, “Curtis Ellis,” shared on X what he refers to as “BTC logic”: that the majority of hash power decides who gets to use the name Bitcoin and that users must run a full node so they only follow the hash power that runs the rules that they…
Despite some skepticism, Ethereum has five compelling reasons that it has a bright future, presented from a balanced perspective. Superior ecosystem compared to Bitcoin’s L2: While Bitcoin’s layer-2 (L2) applications are developing, they currently lag behind Ethereum in terms of functionality and user experience. Ethereum has established itself as the preferred platform for developers, largely due to its more mature ecosystem and broader acceptance. Despite the noise around Bitcoin’s potential for application development, Ethereum remains the go-to for developers looking for robust, tested and versatile solutions. Regulatory challenges may not be pivotal: There is a lot of talk about the…
An insider managed to flip 3.89 Solana (worth around $600) into 999 (about $153,560) in just 15 hours, securing $2.5 million in unrealized profits. The anonymous trader withdrew 3.89 SOL from Binance and used 2.89 SOL ($445) to buy 2.46 billion Minette tokens immediately after the developer added liquidity. The insider quickly sold 1.04 billion Minette for 998.7 SOL ($153,000), leaving 1.42 billion Minette in their wallet, currently valued at $2.5 million. Starting at 3.89 $SOL($600), the insider turned it to 999 $SOL($153.56K) in just 15 hours and has $2.5M in unrealized profits.He withdrew 3.89 $SOL($600) from #Binance and spent…
According to BitOoda founder Vivek Raman, May 23 will be a turning point in the cryptocurrency world. “On May 23, we will see all spot Ethereum ETFs approved,” Raman said in a bold statement. Despite the current cyclical low in ETH sentiment and the SEC’s ongoing lawsuits against major ecosystem participants such as Uniswap, Coinbase, and Consensys, Raman remains optimistic. He outlined five key reasons why he believes approval is imminent: ARK and 21Shares Removed Staking from Their Applications ARK and 21Shares, whose Spot ETH ETF decisions will be made on May 23, have amended their filings to remove staking.…
LONDON, April 22 (Reuters) – Bitcoin’s so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency’s fortunes were more closely tied to broader financial market sentiment and geopolitics. Bitcoin enthusiasts had eagerly waited for the “halving” – a change to the cryptocurrency’s underlying technology that happened around 0014 GMT on Saturday and is designed to cut the rate at which new bitcoins are created. The change takes place every four years and some crypto fans pointed to price gains in the aftermath of previous halvings as a sign that bitcoin…
The price of Ethereum (ETH) has fallen to the current range of $2,908 to $3,122, which is the 21-day moving average line or resistance. Long-term analysis of the Ethereum price: bearish The bulls made an effort to break the 21-day SMA but were rejected. Ether is falling and approaching the current support level of $2,908. If the current support is broken, the largest altcoin will fall below its previous low of $2,848. This would widen the current price range. Nonetheless, the current price range will remain if the support levels hold. Ether is currently valued at $3,032. Analysis of the…
Founder and former CEO of Digitex Futures Exchange, Adam Todd, has pleaded guilty to willingly leading the firm to fail to establish an Anti-Money Laundering (AML) program. Notably, the former CEO’s plea was issued in a federal court in the Southern District of Florida on May 7. Former Digitex CEO Pleads Guilty The U.S. Attorney’s Office stated that Todd pleaded guilty to “willfully causing” Digitex to violate the Bank Secrecy Act. Indicted earlier this year, Todd was accused of overseeing an unregistered futures platform targeting U.S. customers from 2018 to 2022, allegedly neglecting vital Anti-Money Laundering (AML) and Know Your…
On April 20, Bitcoin (BTC) completed its fourth halving, reducing the rewards given to miners for processing transactions and securing the network by half. Now that the event is over, attention is on the next halving date in four years and its possible impact on the general crypto market. As a recap, the first halvings occurred on November 28, 2012, followed by the second on July 9, 2016, the third on May 11, 2020, and the fourth on April 20, 2024. Each halving reduced the block reward from 50 BTC to 25 BTC, then to 12.5 BTC, to 6.25 BTC,…
Ethereum’s price has been encountering resistance in breaking below the critical $3K support region, leading to slight fluctuations within a narrow and pivotal range. However, there is anticipation of a renewed bullish surge in the mid-term, driven by emerging demand. By Shayan The Daily Chart Upon analysis of the daily chart, Ethereum has been struggling to breach the crucial $3K support region, with the price confined within a tight range. This significant range is delineated by the 0.5 ($3133) and 0.618 ($2906) Fibonacci levels, coinciding closely with the critical 100-day moving average. This alignment suggests substantial demand around this pivotal…
The Nano project is once again trying to regain the spotlight by adding Web3 features and trying to stand out as a gaming platform. Nano was one of the projects to appear during the bull market of 2017 and 2018, promising to become the digital money of the future. The token went through several booms and busts, finally rebranding itself with a new ticker, XNO. During the 2024 market expansion, XNO closely tracked Bitcoin’s growth, but so far, XNO has remained unchanged in Satoshi’s terms. XNO established a new price range in 2024, trading up to a yearly peak of…